Tuesday, January 22, 2008

Spice to list Cellebrum by June

May list Hot Spot by year-end
Agencies Singapore
22 January 2008

Spice plans to list its VAS company Cellebrum in the Bombay and Singapore Exchanges by May or June and subsequently its mobile handset retail unit, Hot spot by year-end.

“At the end of 2008, we will have four listed entities," Bhupendra Kumar Modi, Spice''s chief executive is reported to have said. "Cellebrum has been valued at around $500 million, but we will put it to the market at a lower price to benefit the shareholders," he added.

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